Should you buy these mid cap growth stars?

Freedom Foods Group Ltd (ASX:FNP) shares are one of three in the mid cap space which I think would be great long-term investments…

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One area of the market which I think has a number of exciting investment options at the moment is the mid cap space.

Three shares in the space which I think could have the potential to be large caps in the future are listed below. Here's why I like them:

Bingo Industries Ltd (ASX: BIN)

One of my favourite mid cap shares would have to be this waste management company. Although it isn't the most glamourous industry to invest in, I like waste management for its defensive qualities, high barriers of entry, and long-term growth prospects due to Australia's growing population. On top of this, I think Bingo Industries is attractive as it plans to expand its footprint nationwide over the next decade. If the company succeeds with this strategy, then it could achieve above-average earnings growth for a long time to come.

Freedom Foods Group Ltd (ASX: FNP)

I think that Freedom Foods is a great way to gain exposure to the shift in consumer's eating habits. With more and more people watching what they eat and aiming to eat healthily, I believe this health food supplier could profit greatly. In addition to this, the company looks set to benefit from rising demand for UHT products. The demand has been so strong of late that management invested heavily to grow its production capabilities. With the company now the largest producer of branded and private label UHT milk in Australia, it could be well positioned to deliver strong profit growth if demand for UHT continues to grow as expected.

Integrated Research Limited (ASX: IRI)

One of the best tech shares on the Australian market in my opinion would have to be Integrated Research. It often gets overlooked by the investment community, possibly due to how hard it is to explain what it does. Integrated Research is a performance monitoring and diagnostics software solutions provider for business-critical computing environments. The company's product, Prognosis, monitors and troubleshoots unified communications ecosystems, payments hubs and contact centre infrastructure. The product is incredibly sticky and used by some of the biggest companies in the world. In fact, at present all ten of the largest U.S. banks use its software, as do five of the world's largest companies.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Freedom Foods Group Limited and Integrated Research Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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